I've just watched the John Oliver show about cryptocurrencies and something struck me about what he said:
" like most currencies, the fundamental reason that bitcoin has value is that people agree that it has value"
I just want to know your thoughts on this. I only have a little understanding about the idea of currency and its value although i've already been at it all my life. Im new into this kind currency and right now its plumetting.
We are all aware that bitcoin faced a lot of problems and obstacles before it was able to make it here on the top right now. A lot of people even doubted bitcoin on becoming successful. This is what impresses me the most, the ability of bitcoin to surpass all the obstacles that hinders its way on its way to the top. I am amazed to see bitcoin surviving for so long and staying on top.